Exchange Recapitulation Form

This sample 3 party Exchange shows the California Exchanger exchanging his California Apartments for the Arizona Apartments with the cooperation of the California Buyer, who obtains a new $900,000 loan, with the exchanger carrying back $60,000 on his California property.

ExchangerHas

ExchangerGets

SellerHas

BuyerGets

Party's Name

California Exchanger

Arizona Seller

California Buyer

Property Name

California Apartments

Arizona Apartments

Arizona Apartments

California Apartments

Market Value

$1,200,000

$2,000,000

$2,000,000

$1,200,000

Existing Loans

$430,000

$1,400,000

$1,100,000

$900,000

Equity

$770,000

$600,000

$900,000

$300,000

Cash Given

$0

$0

$240,000

Cash Taken

$26,000

$780,000

$0

Paper Given

$0

$0

$0

$60,000

Paper Taken

$60,000

$0

$0

Commission

$72,000

$100,000

Disposition Cost

$12,000

$20,000

Acquisition Cost

$0

$0

Loan Assumption Cost

$0

$0

New Loan Points

$0

$0

Net Equity

$686,000

$686,000

$780,000

$300,000

New Loan

$900,000

$1,400,000

Current Basis

$555,000

Exchange Recapitulation Form

This sample 3 party Exchange shows the California Exchanger exchanging his California Apartments for the Arizona Apartments with the cooperation of the California Buyer, who obtains a new $900,000 loan, with the exchanger carrying back $60,000 on his California property.

ExchangerHas

ExchangerGets

SellerHas

BuyerGets

Party's Name

California Exchanger

Arizona Seller

California Buyer

Property Name

California Apartments

Arizona Apartments

Arizona Apartments

California Apartments

Market Value

$1,200,000

$2,000,000

$2,000,000

$1,200,000

Existing Loans

$430,000

$1,400,000

$1,100,000

$900,000

Equity

$770,000

$600,000

$900,000

$300,000

Cash Given

$0

$0

$240,000

Cash Taken

$26,000

$780,000

$0

Paper Given

$0

$0

$0

$60,000

Paper Taken

$60,000

$0

$0

Commission

$72,000

$100,000

Disposition Cost

$12,000

$20,000

Acquisition Cost

$0

$0

Loan Assumption Cost

$0

$0

New Loan Points

$0

$0

Net Equity

$686,000

$686,000

$780,000

$300,000

New Loan

$900,000

$1,400,000

Current Basis

$555,000

Exchange Recapitulation Form

This sample 3 party Exchange shows the California Exchanger exchanging his California Apartments for the Arizona Apartments with the cooperation of the California Buyer, who obtains a new $900,000 loan, with the exchanger carrying back $60,000 on his California property.

ExchangerHas

ExchangerGets

SellerHas

BuyerGets

Party's Name

California Exchanger

Arizona Seller

California Buyer

Property Name

California Apartments

Arizona Apartments

Arizona Apartments

California Apartments

Market Value

$1,200,000

$2,000,000

$2,000,000

$1,200,000

Existing Loans

$430,000

$1,400,000

$1,100,000

$900,000

Equity

$770,000

$600,000

$900,000

$300,000

Cash Given

$0

$0

$240,000

Cash Taken

$26,000

$780,000

$0

Paper Given

$0

$0

$0

$60,000

Paper Taken

$60,000

$0

$0

Commission

$72,000

$100,000

Disposition Cost

$12,000

$20,000

Acquisition Cost

$0

$0

Loan Assumption Cost

$0

$0

New Loan Points

$0

$0

Net Equity

$686,000

$686,000

$780,000

$300,000

New Loan

$900,000

$1,400,000

Current Basis

$555,000

Exchange Recapitulation Form

This sample 3 party Exchange shows the California Exchanger exchanging his California Apartments for the Arizona Apartments with the cooperation of the California Buyer, who obtains a new $900,000 loan, with the exchanger carrying back $60,000 on his California property.

ExchangerHas

ExchangerGets

SellerHas

BuyerGets

Party's Name

California Exchanger

Arizona Seller

California Buyer

Property Name

California Apartments

Arizona Apartments

Arizona Apartments

California Apartments

Market Value

$1,200,000

$2,000,000

$2,000,000

$1,200,000

Existing Loans

$430,000

$1,400,000

$1,100,000

$900,000

Equity

$770,000

$600,000

$900,000

$300,000

Cash Given

$0

$0

$240,000

Cash Taken

$26,000

$780,000

$0

Paper Given

$0

$0

$0

$60,000

Paper Taken

$60,000

$0

$0

Commission

$72,000

$100,000

Disposition Cost

$12,000

$20,000

Acquisition Cost

$0

$0

Loan Assumption Cost

$0

$0

New Loan Points

$0

$0

Net Equity

$686,000

$686,000

$780,000

$300,000

New Loan

$900,000

$1,400,000

Current Basis

$555,000

Exchange Recapitulation Form

This sample 3 party Exchange shows the California Exchanger exchanging his California Apartments for the Arizona Apartments with the cooperation of the California Buyer, who obtains a new $900,000 loan, with the exchanger carrying back $60,000 on his California property.